LONDON (Thomson Financial) - AIM-listed Rambler Metals and Mining Plc. said
its third-quarter net loss widened by 38,316 pounds to 229,757 pounds compared
to the same quarter last year, primarily due to an increased operational
programme causing higher salary costs.
The gold and copper explorer said it had cash balance at the end of the
period of 7.02 million pounds.
Rambler also confirmed plans to advance its 4,000 tonne-per-day Ming
copper-gold project through to pre-feasibility study in "fiscal Q3 2009 whilst
remaining on budget and on target."
Company president and chief executive officer George Ogilvie added, "I am
excited about forming a strong operational and management team which will
transform the Ming Mine into a producing mine over the coming years and continue
to pursue the aggressive exploration programme which we hope will add further
value to the company."
TFN.newsdesk@thomson.com
vsr/vlb
COPYRIGHT
Copyright Thomson Financial News Limited 2008. All rights reserved.
The copying, republication or redistribution of Thomson Financial News Content,
including by framing or similar means, is expressly prohibited without the prior
written consent of Thomson Financial News.
|